AdvisorShares Sage Core Reserves ETF
Data updated: 2023-05-26
C000123404 — AdvisorShares Sage Core Reserves ETF. Money Market · $30.79M AUM · 0.35% expense ratio. Holdings, fees, performance and SEC filings.
C000123404 Fund Overview
AdvisorShares Sage Core Reserves ETF is a US ETF managed by AdvisorShares Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: AdvisorShares Trust
- Category: Money Market
- Assets under management: $30.79M
- 1-year return: 2.1%
- SEC CIK: 0001408970
- SEC series ID: S000039806
- Share class ID: C000123404
C000123404 Investment Objective and Strategy
AdvisorShares Sage Core Reserves ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.
Investment objective
The AdvisorShares Sage Core Reserves ETF (the Fund) seeks to preserve capital while maximizing income.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF). Sage Advisory Services, Ltd. Co. (the Sub-Advisor) seeks to achieve the Fund's investment objective by investing in a variety of fixed income securities, including bonds, forwards and instruments issued by U.S. and foreign issuers. The Fund will primarily invest in U.S. dollar-denominated investment grade debt securities, including mortgage- or asset-backed securities, rated Baa- or higher by Moody's Investors Service, Inc. (Moody's), or equivalently rated by Standard & Poor's Ratings Services (S&P) or Fitch, Inc. (Fitch), or, if unrated, determined by the Sub-Advisor to be of comparable quality. Mortgage-backed securities represent interests in pools of residential mortgage loans purchased from individual lenders by a federal agency or originated and issued by private lenders.
Asset-backed securities represent interests in pools of underlying assets such as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property, and receivables from credit card agreements. The average duration of the Fund will vary based on the Sub-Advisor's forecast for interest rates and will normally not exceed one year. Duration is a measure used to determine the sensitivity of a security's price to changes in interest rates. The longer a security's duration, the more sensitive it will be to changes in interest rates. The dollar-weighted average portfolio maturity of the Fund is normally not expected to exceed three years. In seeking to achieve its investment objective, the Fund may also invest in futures and swaps. On a day-to-day basis, the Fund may hold money market instruments, cash, other cash equivalents, and exchange traded products (ETPs) that invest in these and other highly liquid instruments to collateralize its derivative positions.
While investing in a particular market sector is not a strategy of the Fund, its portfolio may be significantly invested in one or more sectors as a result of the security selection decisions made pursuant to its strategy. As of June 30, 2018, a significant portion of the Fund's portfolio was comprised of companies in the financials sector, although this may change from time to time.
C000123404 Performance
Total returns for C000123404 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.1% |
| 3 years (annualised) | 1.8% |
C000123404 Risk Information
Risk metrics for C000123404, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.0%
C000123404 Costs and Fees
C000123404 costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.65%
- Portfolio turnover: 99%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000123404 Cashflows
Over the 12 months to 2023-03, AdvisorShares Sage Core Reserves ETF had net inflows of $6.82M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $0 |
| 2023-02 | $975.37K |
| 2023-01 | $0 |
| 2022-12 | $0 |
| 2022-11 | $971.58K |
| 2022-10 | $0 |
C000123404 Debt Constituents
No individual debt constituents are reported in AdvisorShares Sage Core Reserves ETF's latest SEC N-PORT filing.
C000123404 Prospectus and SEC Filings
Official AdvisorShares Sage Core Reserves ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2021-10-29
- Prospectus (485BPOS) — filed 2020-11-13
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2022-11-22
- Annual census (N-CEN) — filed 2022-09-08
- Annual census (N-CEN) — filed 2021-09-08
Related Funds
Other Money Market funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.